Oil and Gas This Week

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News Stories
Russia to Send First Diesel Tanker to U.S. on Thursday
https://oilprice.com/Latest-Energy-News/World-News/Russia-to-Send-First-Diesel-Tanker-to-US-on-Thursday.html

S&P Global Warns Hormuz Energy Shock Could Become a Global Food Crisis
https://oilprice.com/Energy/Energy-General/SP-Global-Warns-Hormuz-Energy-Shock-Could-Become-a-Global-Food-Crisis.html

As BP Leaves the North Sea, These Independents Are Buying In
https://oilprice.com/Energy/Energy-General/As-BP-Leaves-the-North-Sea-These-Independents-Are-Buying-In.html

Kinder Morgan’s Natural Gas Pipeline Backlog Hits Record $13.2 Billion
https://oilprice.com/Company-News/Kinder-Morgans-Natural-Gas-Pipeline-Backlog-Hits-Record-132-Billion.html

Elon Musk’s gas strategy shows how the US market is changing
https://www.woodmac.com/blogs/energy-pulse/elon-musks-gas-strategy-shows-how-the-us-market-is-changing/

Cenovus acquisition of Athabasca Oil Corporation deepens large-cap concentration in Canadian oil sands
https://www.woodmac.com/press-releases/cenovus-acquisition-of-athabasca-oil-corporation-deepens-large-cap-concentration-in-canadian-oil-sands/

Plastic roads in Kenya: Turning waste into opportunity
https://www.hydrocarbonprocessing.com/news/2026/10/plastic-roads-in-kenya-turning-waste-into-opportunity/

Galveston (U.S.) approves $240-MM Project Seawolf LNG project
https://www.hydrocarbonprocessing.com/news/2026/10/galveston-us-approves-240-mm-project-seawolf-lng-project/

Phillips 66 locks out union workers at New Jersey (U.S.) refinery after contract expires
https://www.hydrocarbonprocessing.com/news/2026/10/phillips-66-locks-out-union-workers-at-new-jersey-us-refinery-after-contract-expires/

Venture Global Targets 10 GW of Gas-Fired Power for AI Data Centers
https://energynewsbeat.co/big-oil-companies/venture-global-targets-10-gw-of-gas-fired-power-for-ai-data-centers/

Students Need Energy Literacy
https://www.realcleareducation.com/articles/2026/08/09/students_need_energy_literacy_1199362.html

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Global Warming To Exceed 2 Degrees Celsius Limit By 2050: Exxon
https://oilprice.com/Latest-Energy-News/World-News/Global-Warming-To-Exceed-2-Degrees-Celsius-Limit-By-2050-Exxon.html

ExxonMobil Global Outlook, the study cited: https://corporate.exxonmobil.com/publications/global-outlook/co2-emissions-projected-to-fall-by-2050

The energy crisis is coming to the boil
https://www.woodmac.com/blogs/the-edge/the-energy-crisis-is-coming-to-the-boil/

Europe Holds Emergency Diesel Talks
https://www.rigzone.com/news/wire/europe_holds_emergency_diesel_talks-01-oct-2026-184749-article/

Shell backs $23 billion LNG Canada expansion in boost to Carney’s ‘energy superpower’ push
https://www.cnbc.com/2026/09/29/shell-canada-lng-carney-oil-gas-energy.html

Aramco weighs standalone gas unit with potential $100 bln valuation
https://finance.yahoo.com/energy/articles/aramco-weighs-standalone-gas-unit-161151992.html

McKinsey Global Energy Perspective 2026: shifting demand drives energy expansion as uncertainty reshapes the global outlook
https://www.hydrocarbonengineering.com/special-reports/01102026/mckinsey-global-energy-perspective-2026-shifting-demand-drives-energy-expansion-as-uncertainty-reshapes-the-global-outlook/

Canada backs C$44 billion Pacific Link oil export pipeline
https://ocean-energyresources.com/2026/10/05/canada-backs-c44-billion-pacific-link-oil-export-pipeline/

MRPL refinery fire at coker-adjacent plant kills one, injures another
https://www.ogj.com/refining-processing/news/55408956/mrpl-refinery-fire-at-coker-adjacent-plant-kills-one-injures-another

EIA: US exports of propane reached records
https://www.hydrocarbonengineering.com/petrochemicals/02102026/eia-us-exports-of-propane-records-in-1h26/

Dallas Fed survey: More than one in five firms plan to grow capex in 2027
https://www.ogj.com/general-interest/companies/news/55408837/dallas-fed-survey-more-than-one-in-five-firms-plan-to-grow-capex-in-2027

We’re Teaching Kids Scarcity in an Age of Abundance
https://www.realcleareducation.com/articles/2026/08/16/were_teaching_kids_scarcity_in_an_age_of_abundance_1200678.html

‘Wake up’ – Scottish shadow secretary in blistering attack on Labour and the SNP
https://www.energyvoice.com/oilandgas/604574/wake-up-scottish-shadow-secretary-in-blistering-attack-on-labour-and-the-snp/

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Equinor Targets 15 Million Tons of LNG as Qatar Exports Stay Blocked
https://oilprice.com/Latest-Energy-News/World-News/Equinor-Targets-15-Million-Tons-of-LNG-as-Qatar-Exports-Stay-Blocked.html

Japanese Refiners Rush for Oman Crude After Saudi Pipeline Shutdown
https://oilprice.com/Latest-Energy-News/World-News/Japanese-Refiners-Rush-for-Oman-

Crude-After-Saudi-Pipeline-Shutdown.html

Libya Threatens Force Majeure as Oil Guards Shut Fields
https://oilprice.com/Latest-Energy-News/World-News/Libya-Threatens-Force-Majeure-as-Oil-Guards-Shut-Fields.html

How Refinery Upgrades At Marathon Petroleum Stock Have Changed Its Investment Story
https://simplywall.st/stocks/us/energy/nyse-mpc/marathon-petroleum/news/how-refinery-upgrades-at-marathon-petroleum-stock-have-chang

EIA Now Sees Bigger Oil Crunch in 2026, Glut in 2027
https://www.rigzone.com/news/eia_now_sees_bigger_oil_crunch_in_2026_glut_in_2027-16-sep-2026-184633-article/

Aker BP Makes New North Sea Gas Discovery
https://www.rigzone.com/news/aker_bp_makes_new_north_sea_gas_discovery-16-sep-2026-184626-article/

USCG, FBI Conduct Cyberattack Probes on Oil Tankers
https://www.rigzone.com/news/wire/uscg_fbi_conduct_cyberattack_probes_on_oil_tankers-16-sep-2026-184631-article/

Russia set to extend diesel export ban until end of October
https://www.hydrocarbonprocessing.com/news/2026/09/russia-set-to-extend-diesel-export-ban-until-end-of-october/

Dangote launches oil refinery ‘people’s IPO’, Africa’s biggest
https://www.hydrocarbonprocessing.com/news/2026/09/dangote-launches-oil-refinery-peoples-ipo-africas-biggest/

Global product trade disruptions lift refining margins to record highs
https://www.ogj.com/general-interest/economics-markets/news/55399870/global-product-trade-disruptions-lift-refining-margins-to-record-highs

Preparing the Next Generation of Pennsylvania’s Workforce to Power Our Future
https://www.realclearenergy.org/articles/2026/09/08/preparing_the_next_generation_of_pennsylvanias_workforce_to_power_our_future_1204954.html

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On behalf of the LaCour family, it with deep sadness and a heavy heart that we announce the passing of Mark’s bother, Michael James LaCour.

Michael’s obituary can be viewed here: https://charletfuneralhome.com/book-of-memories/5741178/LaCour-Michael/index.php

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Gulf-to-China Supertanker Rates Hit $510,000 a Day
https://oilprice.com/Latest-Energy-News/World-News/Gulf-to-China-Supertanker-Rates-Hit-510000-a-Day.html

Tankers U-Turn at Hormuz as Iran Tightens Its Grip
https://oilprice.com/Latest-Energy-News/World-News/Tankers-U-Turn-at-Hormuz-as-Iran-Tightens-Its-Grip.html

Houthis Claim Third Attack on Saudi Aramco Refinery in Two Weeks
https://oilprice.com/Latest-Energy-News/World-News/Houthis-Claim-Third-Attack-on-Saudi-Aramco-Refinery-in-Two-Weeks.html

The Case for Britain Backing Its North Sea Oil and Gas Industry
https://oilprice.com/Energy/Energy-General/The-Case-for-Britain-Backing-Its-North-Sea-Oil-and-Gas-Industry.html

AFPM Applauds Senate Introduction of CRA Resolutions Challenging California Vehicle and Engine Mandates
https://www.bicmagazine.com/industry/regulations/afpm-applauds-senate-introduction-of-cra/

EIA Sees Oil Crunch in 2026, Glut in 2027
https://www.rigzone.com/news/eia_sees_oil_crunch_in_2026_glut_in_2027-20-aug-2026-184419-article/

Monumental Closes in on New Exploration Block in New Zealand
https://www.rigzone.com/news/monumental_closes_in_on_new_exploration_block_in_new_zealand-20-aug-2026-184424-article/

Greek-Run Oil Tanker Comes Under Attack
https://www.rigzone.com/news/wire/greekrun_oil_tanker_comes_under_attack-18-aug-2026-184402-article/

Aker BP to Take Over Undeveloped Discoveries from Apache, ConocoPhillips
https://www.rigzone.com/news/aker_bp_to_take_over_undeveloped_discoveries_from_apache_conocophillips-19-aug-2026-184411-article/

Exxon and Chevron’s $26.5 Billion Quarter Draws Trump’s Ire
https://oilprice.com/Latest-Energy-News/World-News/Exxon-and-Chevrons-265-Billion-Quarter-Draws-Trumps-Ire.html

Diesel Prices Overtake Jet Fuel in Europe as Global Shortage Widens
https://www.bicmagazine.com/industry/commodities/diesel-prices-overtake-jet-fuel-in-europe/

Oil Hovers Near Three-Week High on Uncertainty Over Hormuz
https://www.bicmagazine.com/industry/commodities/oil-hovers-near-three-week-high/

TechnipFMC Empowering STEM Education in Mozambique
https://www.technipfmc.com/en/media/news/2026/03/empowering-stem-education-together-in-mozambique/

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U.S. Gulf lease sale draws $82.7 million in high bids from 16 companies
https://www.worldoil.com/news/2026/8/12/u-s-gulf-lease-sale-draws-82-7-million-in-high-bids-from-16-companies/

Crude Steady as Iran Risks Persist
https://www.rigzone.com/news/wire/crude_steady_as_iran_risks_persist-12-aug-2026-184362-article/

USA Oil, Gas Workforce Hits Lowest Level in Years
https://www.rigzone.com/news/usa_oil_gas_workforce_hits_lowest_level_in_years-12-aug-2026-184361-article/

Phillips 66, Partners Sanction Texas to Arizona Oil Pipeline Project
https://www.rigzone.com/news/phillips_66_partners_sanction_texas_to_arizona_oil_pipeline_project-12-aug-2026-184357-article/

Alpha Compute plans 1-GW Pennsylvania AI campus powered by Marcellus natural gas
https://www.bicmagazine.com/departments/AI-Infrastructure/alpha-compute-plans-pennsylvania-ai-campus/

Hormuz disruption to stall 2026 LNG trade, demand to rise by 2050, says Shell
https://www.bicmagazine.com/industry/natgas-lng/hormuz-disruption-to-stall-2026-lng-trade-demand-to-rise-by-2050/

The Israeli oil pipeline that could solve the energy crisis
https://www.yahoo.com/news/world/articles/israeli-oil-pipeline-could-solve-060000973.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAGeQ3cqqERBqge4y6rp7g6GfZyL9M7TmERIZxWKsyCNMw0DjNCudV0ndQO7xQQNNCWNsNyjVNuWhl1EaZzo1Kl4wX3dOMaO8rbe7mF_SCGA_Ijp-_SGqHs7T6q8etlOTVantJsO0RLnAwuOompq_b9qigolFUUFEpev1GHVvZSx7

UK Plans 1,242-Mile Hydrogen Pipeline Network as Gas Reserves Decline
https://pgjonline.com/magazine/2026/july-2026-vol-253-no-7/features/uk-plans-1-242-mile-hydrogen-pipeline-network-as-gas-reserves-decline

MERA Oil enters final stage of site selection for planned US$5 billion refinery
https://www.hydrocarbonengineering.com/refining/31072026/mera-oil-enters-final-stage-of-site-selection-for-planned-us5-billion-refinery/

EIA: China’s crude oil imports fell in 2Q26
https://www.hydrocarbonengineering.com/refining/31072026/eia-chinas-crude-oil-imports-fell-in-2q26/

Texas Oil and Natural Gas: Caring for Our Communities
https://www.txoga100.org/caring-for-our-communities

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Oil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacy
https://www.nbcnews.com/world/iran/oil-prices-slide-us-iran-pause-strikes-trump-diplomacy-hormuz-red-sea-rcna589383

Baker Hughes flags lower spending by oil and gas producers in 2026
https://www.oilandgas360.com/baker-hughes-flags-lower-spending-by-oil-and-gas-producers-in-2026/

First jacket for BP’s $7 billion gas and CCUS project reaches its destination
https://www.offshore-energy.biz/first-jacket-for-bps-7-billion-gas-and-ccus-project-reaches-its-destination/

First condensate cargo from Australian project en route to South Korea
https://www.offshore-energy.biz/first-condensate-cargo-from-australian-project-en-route-to-south-korea/

Refiners seek court order forcing EPA to decide small refinery exemptions
https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/072726-refiners-seek-court-order-forcing-epa-to-decide-small-refinery-exemptions

Saudi Aramco Shuts 400,000-Bpd Refinery After Houthi Strike
https://oilprice.com/Latest-Energy-News/World-News/Saudi-Aramco-Shuts-400000-Bpd-Refinery-After-Houthi-Strike.html

Oil Prices Have Overshot To The Downside
https://oilprice.com/Latest-Energy-News/World-News/ING-Oil-Prices-Have-Overshot-To-The-Downside.html

Japan Backs Overseas Oil Pipelines to Reduce Hormuz Dependence
https://oilprice.com/Latest-Energy-News/World-News/Japan-Backs-Overseas-Oil-Pipelines-to-Reduce-Hormuz-Dependence.html

Louisiana energy helps strengthen U.S. security
https://www.bicmagazine.com/industry/refining-petrochem/louisiana-energy-helps-strengthen-us-security/

Energy Department announces up to $65.5 million to advance domestic oil and natural gas production and delivery
https://www.bicmagazine.com/industry/powergen/energy-department-announces-up-to-65-5-million-to-advance-domestic-oil-and-natural-gas/

TotalEnergies initiates Pacific exports with first Mexican LNG cargo to Asia
https://www.bicmagazine.com/industry/natgas-lng/totalenergies-initiates-pacific-exports-with-first-mexican-lng-cargo-to-asia/

Australia plans first domestic oil refinery in 60 years to boost fuel security
https://www.reuters.com/business/energy/australia-considers-first-domestic-oil-refinery-60-years-2026-07-27/

TotalEnergies takes action to give access to clean cooking to 100 million people in Africa and India
https://totalenergies.com/newsroom/totalenergies-takes-action-give-access-clean-cooking-100-million-people-africa/?lang=eng

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Drone Strike Shuts Russia’s Largest Refinery as Fuel Shortages Worsen
https://oilprice.com/Latest-Energy-News/World-News/Drone-Strike-Shuts-Russias-Largest-Refinery-as-Fuel-Shortages-Worsen.html

US Cancels Oil Waiver and Strikes Iran Anew
https://www.rigzone.com/news/wire/us_cancels_oil_waiver_and_strikes_iran_anew-08-jul-2026-184083-article/

SpaceX Plans Texas Gas Pipeline to Fuel Starship Launches
https://pgjonline.com/news/2026/june/spacex-plans-texas-gas-pipeline-to-fuel-starship-launches

Oil Rockets Higher as Trump Declares Iran Ceasefire Over
https://www.rigzone.com/news/oil_rockets_higher_as_trump_declares_iran_ceasefire_over-08-jul-2026-184086-article/

Bahrain and Kuwait Restore Power After Iranian Attacks
https://oilprice.com/Latest-Energy-News/World-News/Bahrain-and-Kuwait-Restore-Power-After-Iranian-Attacks.html

Decade of Cheap Henry Hub Gas Coming to End, WoodMac Warns
https://www.rigzone.com/news/decade_of_cheap_henry_hub_gas_coming_to_end_woodmac_warns-08-jul-2026-184087-article/

BP Exits Bay du Nord Project offshore Canada
https://www.rigzone.com/news/bp_exits_bay_du_nord_project_offshore_canada-07-jul-2026-184081-article/

Ugandan Farmers Sue to Block $5 Billion East Africa Oil
https://oilprice.com/Latest-Energy-News/World-News/Ugandan-Farmers-Sue-to-Block-5-Billion-East-Africa-Oil-Pipeline.html

ABB Expands Non-Invasive Temperature Monitoring for Pipelines, Process Facilities
https://pgjonline.com/news/2026/june/abb-expands-non-invasive-temperature-monitoring-for-pipelines-process-facilities

XRG Deepens Rio Grande LNG Investment in Texas
https://pgjonline.com/news/2026/july/xrg-deepens-rio-grande-lng-investment-in-texas

BKV Brings Two Texas Carbon Capture Projects Online
https://pgjonline.com/news/2026/june/bkv-brings-two-texas-carbon-capture-projects-online

The Chevron Championship Generates $3 Million for Community Partners
https://www.thechevronchampionship.com/news/2026/the-chevron-championship-generates-3-million-for-community-partners-highlighting-2026-impact

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Exxon Mobil (XOM) Is Moving Its Legal Home To Texas In 2026
https://finance.yahoo.com/energy/articles/exxon-mobil-xom-moving-legal-161236474.html

Oil prices ease after spiking over halt to Strait of Hormuz evacuation plan
https://www.aljazeera.com/economy/2026/6/26/oil-prices-climb-after-attack-in-strait-of-hormuz-halts-evacuation-plan

Energy Prices Drive U.S. Inflation To Three-Year High
https://oilprice.com/Latest-Energy-News/World-News/Energy-Prices-Drive-US-Inflation-To-Three-Year-High.html

War Erases 1B Barrels of Cumulative Oil Supply from Market
https://www.rigzone.com/news/war_erases_1b_barrels_of_cumulative_oil_supply_from_market-10-jun-2026-183892-article/

BP CEO Shakes Up Structure
https://www.rigzone.com/news/wire/bp_ceo_shakes_up_structure-09-jun-2026-183886-article/

The Promise and Peril of Jamaica’s Offshore Oil Ambitions
https://oilprice.com/Energy/Energy-General/The-Promise-and-Peril-of-Jamaicas-Offshore-Oil-Ambitions.html

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions
https://oilprice.com/Latest-Energy-News/World-News/India-Accuses-West-of-Double-Standards-Over-US-Russia-Oil-Sanctions.html

UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude
https://oilprice.com/Latest-Energy-News/World-News/UK-Sets-January-2027-Deadline-for-Ban-on-Fuel-Made-From-Russian-Crude.html

Alaska’s Untapped Oil Wealth Is Still Struggling to Find Investors
https://oilprice.com/Energy/Energy-General/Alaskas-Untapped-Oil-Wealth-Is-Still-Struggling-to-Find-Investors.html

Exxon reportedly evaluates Woodside as LNG acquisition target
https://www.worldoil.com/news/2026/6/12/exxon-reportedly-evaluates-woodside-as-lng-acquisition-target/

Shell reportedly prepares $1 billion offshore wind asset sale
https://www.worldoil.com/news/2026/6/12/shell-reportedly-prepares-1-billion-offshore-wind-asset-sale/

Enverus sees Brent above $100 through 2027 after Hormuz disruption
https://www.worldoil.com/news/2026/6/11/enverus-sees-brent-above-100-through-2027-after-hormuz-disruption/

Chevron to fuel massive Microsoft data center in Texas using natural gas
https://www.cnbc.com/2026/06/22/chevron-cvx-microsoft-msft-natural-gas-data-center.html

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Mark and Paige record live from the 2026 Annual PIP Conference: The Wisdom Loop

Kuwait Says Oil Output Won’t Recover for 10-12 Weeks After Hormuz Reopens
https://oilprice.com/Latest-Energy-News/World-News/Kuwait-Says-Oil-Output-Wont-Recover-for-10-12-Weeks-After-Hormuz-Reopens.html

Russia’s China Energy Lifeline Is Becoming a Noose
https://oilprice.com/Energy/Natural-Gas/Russias-China-Energy-Lifeline-Is-Becoming-a-Noose.html

TETRA Prices $100 Million Stock Offering to Fund Arkansas Bromine Project
https://oilprice.com/Company-News/TETRA-Prices-100-Million-Stock-Offering-to-Fund-Arkansas-Bromine-Project.html

Equinor Nominates Jarle Roth to Succeed Reinhardsen as Board Chair
https://oilprice.com/Company-News/Equinor-Nominates-Jarle-Roth-to-Succeed-Reinhardsen-as-Board-Chair.html

Energy Cos Team Up for New AI Powered Safety Initiative
https://www.rigzone.com/news/energy_cos_team_up_for_new_ai_powered_safety_initiative-03-jun-2026-183840-article/

NOAA Predicts 2026 Atlantic Hurricane Activity
https://www.rigzone.com/news/noaa_predicts_2026_atlantic_hurricane_activity-01-jun-2026-183821-article/

Eni Declares ‘Giant’ Gas Discovery Offshore Indonesia
https://www.rigzone.com/news/eni_declares_giant_gas_discovery_offshore_indonesia-20-apr-2026-183483-article/

Oil Trading Higher for Third Consecutive Session
https://www.rigzone.com/news/oil_trading_higher_for_third_consecutive_session-03-jun-2026-183838-article/

Chevron Applies for Argentina Tax Break Program with $13B Investment Plan
https://www.bicmagazine.com/industry/drilling-exploration/chevron-applies-for-argentina-tax-break-program/

IEA Forecasts Chance of Critically Low Stockpiles Before Peak Summer Demand
https://www.bicmagazine.com/industry/refining-petrochem/iea-forecasts-critically-low-stockpiles/

Renewable Fuel Credit Prices Hit Records on U.S. Biofuel Mandates, Oil Market Volatility
https://www.hydrocarbonprocessing.com/news/2026/06/renewable-fuel-credit-prices-hit-records-on-us-biofuel-mandates-oil-market-volatility/

Wild Well Controlled Community Outreach
https://www.wildwell.com/about/community-outreach

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